Real Estate Investing in Evansville, Wyoming (82636)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82636 (Evansville, WY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 27.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Evansville, WY (82636)?
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Market Analysis: 82636 Evansville
Looking more closely, ZIP 82636 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $328K median. It rewards specialists, not generalists.
From an investor standpoint, the numbers look inviting — $328K purchase price, 0.0% nominal cap — the work to hit that pro forma in 82636 is substantial and deserves full respect.
On the rental side, 82636 offers a low basis, the region around Evansville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 82636 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 82636 is an operator game, not a passive one. In practical terms, entry prices of $328K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Evansville:
Property Strategy for 82636
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $260,661 | $1,120 | 3.1% | +6.7% | $130,331 |
| 3BR | $354,241 | $1,560 | 3.2% | +7.6% | $118,080 |
| 4BR | $407,610 | $1,880 | 3.3% | +7.8% | $101,902 |
Market Trends
Home Value History (with trend line)
📊 How Does 82636 Compare?
| Metric | 82636 | Evansville | Casper, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $327,830 | $327,830 | N/A | $359,462 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.2% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82636 (Evansville, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,830 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 82636
Population: 3,856
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 82636
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 890 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What does house hacking look like in Evansville, WY?
House hacking in Evansville, WY is reasonable to execute. Prices around $328K and rents of $1,008/mo solid owner-occupant economics.
Does Evansville, WY favor landlords or tenants?
For rental operators, Evansville, WY rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of vacancy should I budget for in Evansville, WY?
Expect elevated vacancy in Evansville, WY. Rents at $1,008/mo are absorbed by the tenant base without meaningful lag.
How strong are rents in Evansville, WY?
Expect rents around $1,008/mo per month in Evansville, WY. With home values at $328K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Evansville, WY?
Evansville, WY offers a measured renter base at the $1,008/mo rent level. Tenant turnover is reasonable for well-managed properties.
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How 82636 ranks in Casper, WY
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